XRP Trading Volume Surges 61%... Price Breaks Above $1.12 to Target $1.42

Digitaltrends reporter Yoonsoo Lee notes that $743.7 million of net inflow into the XRP market over one day caused daily trading volume to surge 61.15%. According to blockchain media The Today, XRP trading volume reached $1.96 billion, though prices remained near $1.1122, fluctuating only 1.34%. Market focus is on potential price direction rather than immediate movement. Key is whether XRP can rebound to the 200-day moving average at $1.4202 following this volume increase, as prices currently consolidate near the 50-day moving average at $1.1214. Two technical scenarios are presented: sustained strength requires daily volume exceeding $1.8 billion, enabling XRP to rise 28% to $1.42. Conversely, if buyers fail to break $1.12 resistance, volume could drop below $1.5 billion, potentially leading to a long-term consolidation pattern near $1. The nature of the inflow is also discussed, with analysis suggesting new funds entered steadily rather than through excessive leverage. Technical indicators show a relative strength index (RSI) of 49.06 and a rare double bottom divergence near June-July lows, signaling significant selling pressure has been exhausted. Derivative market indicators remain neutral, with open interest at $2.5 billion and funding rates near 0.0066%, indicating long positions are primarily in spot markets with low risk of forced liquidation. Short-term watchpoints for XRP are clear: whether large liquidity inflows and volume expansion will drive actual price breakouts or stall at $1.12 resistance, reverting to a $1 consolidation range.